Asian Stocks Set to Track U.S. Gains; Yen Dips: Markets Wrap

(Bloomberg) — Asian stocks looked poised to gain amid positive sentiment on trade in the region and after a national U.S. lockdown was ruled out. The yen dipped.Asia Pacific nations including China, Japan and South Korea on Sunday signed the world’s largest regional free-trade agreement. Meanwhile, advisers to President-elect Joe Biden said they opposed a nationwide U.S. lockdown despite the pandemic accelerating, favoring targeted local measures instead.On Friday, both the S&P 500 and the Russell 2000 Index of small caps rallied to all-time highs. The tech-heavy Nasdaq 100 underperformed amid the rotation to economically sensitive industries. Ten-year Treasury yields ended …read more

Source:: Yahoo Finance


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